super spike
n. An extremely rapid or unprecedented rise in the price of a commodity, particularly oil.
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A new phrase has crept into the lexicon of oil analysts: 'the super spike' — an unprecedented hike in oil prices that dwarfs anything before it. For a world teetering on the edge of recession, such a prospect borders on the apocalyptic. For beleaguered British motorists, who have seen the price of petrol rise by almost a quarter over the past 12 months, it is the stuff of nightmares. …

The Wall Street bank Goldman Sachs predicts a $200-a-barrel super spike is a very real possibility in the near future.
—Amie Doward, et al., “£100 to fill up the tank? Just get used to the idea,” The Guardian (London), June 15, 2008
Arjun N. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a ''super spike'' — a price surge that will soon drive crude oil to $200 a barrel.
—Louise Story, “An Oracle of Oil,” The New York Times, May 21, 2008
2000 (earliest)
But Thursday's super-spike in petroleum contract prices on the New York Mercantile Exchange, and fears of reformulated gasoline supply disruptions from Venezuela — should oil workers there strike as threatened — put some blenders and traders in the mood to think about buying MTBE again and prompted at least one to buy.
—Rose Marton, “US MTBE: Prices Move Higher On November Demand,” Dow Jones Energy Service, October 12, 2000
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